Exxaro 2015 consolidated mineral resources and ore reserves report aro 2015 consolidated mineral resources and ore reserves report 2015 CONSOLIDATED MINERAL RESOURCES AND ORE RESERVES REPORT (CMRR) 0 Exxaro 2015 consolidated mineral resources and ore reserves report TABLE OF CONTENTS TABLE OF CONTENTS ......................................................................................................................... 1 TABLE OF FIGURES ............................................................................................................................. 2 LIST OF TABLES .................................................................................................................................. 3 1 FOREWORD ................................................................................................................................ 4 2 INTRODUCTION .......................................................................................................................... 5 3 TENURE ..................................................................................................................................... 12 4 GOVERNANCE .......................................................................................................................... 15 5 COMPETENT PERSONS .......................................................................................................... 16 6 RISK, LIABILITY AND ASSURANCE ....................................................................................... 17 7 GROUP SUMMARY OF RESOURCE AND RESERVE ESTIMATES ....................................... 18 8 ATTRIBUTABLE RESOURCES ................................................................................................ 42 9 ESTIMATION METHODOLOGY SUMMARY ............................................................................ 43 9.1 Mineral resources ............................................................................................................. 43 9.2 Ore reserves .................................................................................................................... 44 10 ANCILLARY RESOURCE AND RESERVE INFORMATION BY OPERATION ........................ 47 10.1 Arnot coal mine ................................................................................................................ 47 10.2 Belfast project .................................................................................................................. 49 10.3 Grootegeluk coal mine ..................................................................................................... 53 10.4 Thabametsi project ........................................................................................................... 5 6 10.5 Dorstfontein complex ....................................................................................................... 60 10.6 Forzando .......................................................................................................................... 64 10.7 Matla coal mine ................................................................................................................ 67 10.8 Leeuwpan coal mine ........................................................................................................ 70 10.9 North Block Complex ....................................................................................................... 75 10.10 Eloff project ...................................................................................................................... 77 10.11 Tumelo ............................................................................................................................. 80 10.12 Zonderwater project ......................................................................................................... 82 10.13 Mayoko Iron Ore project ................................................................................................... 84 11 EXPLORATION ......................................................................................................................... 88 12 ENDORSEMENT ....................................................................................................................... 90 1 Exxaro 2015 consolidated mineral resources and ore reserves report Table of figures Figure 1: Exxaro attributable coal resources and reserves .................................................................... 7 Figure 2: Distribution of Exxaro attributable measured and indicated coal resources ............................ 8 Figure 3: Advanced technology at Grootegeluk mine, in-pit crusher (left) and cyclic ponds (right) ........ 8 Figure 4: Exxaro mining and prospecting rights in the Waterberg .......................................................... 9 Figure 5: Locality map for Exxaro resources and reserves .................................................................. 11 Figure 6: Locality map for ECC mining and prospecting rights ............................................................ 14 Figure 7: Arnot mine ............................................................................................................................. 47 Figure 8: Typical north-south (B-Bˈ) section through Arnot geological model (10x vertical exaggeration) ........................................................................................................................................ 48 Figure 9: Belfast project ........................................................................................................................ 50 Figure 10: West-east cross section through the 2012 geological model (10x vertical exaggeration) ... 51 Figure 11: Grootegeluk mine ................................................................................................................ 53 Figure 12: Typical west-east section through Grootegeluk geological model ...................................... 56 Figure 13: Thabametsi project .............................................................................................................. 57 Figure 14: Cross section through 2015 Thabametsi geological model (10 x vertical exaggeration) .... 59 Figure 15: Dorstfontein complex ........................................................................................................... 61 Figure 16: NW-SE section through DCMW (10x vertical exaggeration) ............................................... 63 Figure 17: Forzando complex ............................................................................................................... 64 Figure 18: Matla Mine ........................................................................................................................... 68 Figure 19: Typical north-south section through Matla geological model (10x vertical exaggeration) ... 69 Figure 20: Leeuwpan coal mine ........................................................................................................... 71 Figure 21: Typical cross section through Leeuwpan geological model (Moabsvelden) ....................... 73 Figure 22: NBC locality map with mine and project areas .................................................................... 75 Figure 23: Eloff project ......................................................................................................................... 78 Figure 24: Seam sequence and splitting at Eloff .................................................................................. 79 Figure 25: Typical north-south cross section through Eloff (10x vertical exaggeration) ....................... 80 Figure 26: Tumelo locality map ............................................................................................................ 81 Figure 27: Zonderwater project ............................................................................................................ 82 Figure 28: Typical north-south section through Zonderwater project ................................................... 84 Figure 29: Location of the Mayoko iron ore deposit ............................................................................. 85 Figure 30: Schematic representation of Mayoko ore deposit ............................................................... 86 2 Exxaro 2015 consolidated mineral resources and ore reserves report List of tables Table 1: Exxaro reporting structure ...................................................................................................... 15 Table 2: Coal resources reported for 2015 .......................................................................................... 19 Table 3: Coal resource qualities 2015 ................................................................................................. 22 Table 4: Coal reserves reported for 2015 ............................................................................................ 25 Table 5: Coal reserve qualities 2015 .................................................................................................... 28 Table 6: Mineral sands resources reported for 2015 ........................................................................... 30 Table 7: Mineral sands reserves reported for 2015 ............................................................................. 33 Table 8: Base metals resources reported for 2015 ............................................................................. 35 Table 9: Base metals reserves reported for 2015 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